Can I get a loan specifically to pay off my Raymour and Flanigan or Nebraska Furniture Mart credit card?

Yes, absolutely. A personal loan for debt consolidation can be used to pay off any existing debts you specify, including high-interest balances from specific furniture stores like Raymour and Flanigan, Nebraska Furniture Mart, Bob's Furniture, or City Furniture. When you receive the loan funds, you simply use them to make a full payment to the credit card issuer (like TD Bank for Raymour and Flanigan) to clear your balance.

Will consolidating my store cards hurt my credit score?

The impact can be mixed initially but is generally positive long-term. In the short term, the hard inquiry from the lender might dip your score by a few points. However, paying off revolving credit card balances can significantly lower your credit utilization ratio, which is a major positive factor for your score. Converting revolving debt to an installment loan is also often viewed favorably. Consistent, on-time payments on the new loan will help build a positive credit history over time.

Can I consolidate my Amazon Store Card with other retail cards?

Yes. The Amazon Store Card, while branded by Amazon, functions like any other retail credit card. A personal loan can be used to consolidate debt from a wide variety of sources, including online retailers, department stores (like JC Penney), home improvement stores, and specialty electronics or furniture retailers. You can combine the balance from your Amazon card with balances from any other store cards into a single loan.

What happens to my store credit cards after I pay them off with the loan?

Once paid off, the accounts will have a zero balance. It's generally advisable to keep the accounts open, even if you don't plan to use them. Closing them can reduce your total available credit, which could increase your credit utilization ratio and potentially lower your credit score. The best practice is to pay them off, put them in a safe place, and use them perhaps once a year for a small purchase (that you pay off immediately) to keep the account active.

How is this different from a 0% APR balance transfer offer?

A balance transfer card offers a temporary 0% interest period (usually 12-21 months). This can be a great option if you can pay off the entire balance within that window. However, they often have a transfer fee (3-5% of the balance), and if you don't clear the debt in time, a very high interest rate kicks in. A personal loan provides a fixed interest rate for a set term (e.g., 3-5 years), offering a predictable payment and a clear end date, which is often better for larger balances you can't pay off as quickly.

How quickly can I pay off my retail cards after getting the loan?

Very quickly. Once the lender approves your loan, the funds are typically deposited into your bank account within 1-3 business days. As soon as the funds are available, you can log into your store card accounts online or call their customer service numbers and make payments to clear each balance. The entire process, from application to paying off your cards, can often be completed in less than a week.

Loan to Consolidate Your Store & Retail Credit Cards

Combine multiple high-interest store card balances—from furniture to electronics—into a single, predictable monthly payment.

Check your rate

Sound familiar? The high cost of store card convenience.

Multiple due dates for cards from Bob's Furniture, Best Buy, and others are a nightmare to track.
A single loan means one due date and one simple payment to manage each month.
The 29.99% APR on my furniture store card means my balance barely goes down.
Personal loans offer fixed rates that are often significantly lower, helping you pay off debt faster.
I was tempted by '0% financing' but now I'm stuck with a huge deferred interest bill.
A consolidation loan pays off that balance before the promotional period ends, saving you from retroactive interest charges.
My wallet is overflowing with cards for every store I shop at.
Streamline your finances and simplify your life by clearing those balances and closing unnecessary accounts.

Escape the High-Interest Trap with a Store Card Consolidation Loan

Retail store credit cards offer instant gratification—the ability to walk out with a new couch from Jordan's Furniture or the latest tech from Best Buy. But that convenience comes at a steep price. These cards often carry annual percentage rates (APRs) well over 25%, sometimes exceeding 30%. When you have balances on multiple cards—perhaps a Raymour and Flanigan credit card, a Nebraska Furniture Mart card, and a few others—the interest charges can become overwhelming. Each payment seems to barely make a dent in the principal, trapping you in a cycle of debt.

A personal loan designed for store card consolidation provides a clear path forward. Instead of juggling multiple high-interest payments, you take out one loan to pay off all your retail card balances in full. You're left with a single, fixed monthly payment at a potentially much lower interest rate. This isn't just about simplifying your bills; it's a strategic financial move. By converting expensive, variable-rate revolving debt into a predictable, fixed-term installment loan, you can save a significant amount on interest and pay off your debt years sooner.

Consolidate Your Retail Debt in 4 Simple Steps

1
Check your rate online
Fill out our short form with some basic information. This takes about two minutes and won't affect your credit score.
2
Review your loan offers
If you qualify, you'll see offers from our network of lenders. Compare APRs, monthly payments, and loan terms to find the best fit.
3
Finalize and get funded
Select your offer and complete the final application with the lender. Once approved, funds are typically deposited directly into your bank account, sometimes as soon as the next business day.
4
Pay off your store cards
Use the loan funds to pay off the balances on your City Furniture, Value City, Fortiva Retail Credit, and other store cards, then enjoy the simplicity of one monthly payment.

Ready to see your options?

Find out what you could save by consolidating. It's free and won't impact your credit score.

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The Real Cost: Store Card Interest vs. a Personal Loan

Let's look at a common scenario. Many shoppers accumulate debt across several stores for major household purchases. The high APRs on these cards mean you pay a premium for financing. Understanding the numbers can be a powerful motivator to consolidate.

Example: Consolidating $8,000 in Store Card Debt

Furniture Row credit card balance

$3,500 at 28.99% APR

$101/mo minimum

Best Buy credit card balance

$2,500 at 27.24% APR

$73/mo minimum

JC Penney card balance

$2,000 at 29.99% APR

$58/mo minimum

Estimated monthly

$190/mo

A single $8,000 personal loan (5-yr term at 15% APR)

In the example above, paying only the minimum on the store cards ($232 total) would take over a decade and cost thousands in interest. The single personal loan payment of $190 is not only lower, but it also guarantees the debt is paid off in five years. The fixed rate and clear end date provide structure and significant savings, turning an unmanageable situation into a clear, actionable plan.

Loan amount: $2,000 – $20,000
APR: 7.99% – 35.99%
Term: 24 months – 60 months

Your actual Annual Percentage Rate (APR) will depend on your credit score, loan amount, term, and credit history. Not all applicants will qualify for the lowest rates. All loans are subject to lender review and approval.

Find out your actual rate and payment.

See what you could save by consolidating your high-interest retail debt today.

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Is a Personal Loan the Best Option for Your Retail Debt?

While a personal loan is a powerful tool for consolidating store card debt, it's wise to consider your alternatives. For some, a 0% APR balance transfer credit card might seem appealing, but they often come with short promotional periods and high fees. Let's compare the most common options.

Personal Loan vs. Other Debt Payoff Methods

	Personal Loan	Keep Paying Store Cards	0% APR Balance Transfer Card
Interest Rate	Fixed, often 8-25%	Very high, often 25-30%+	0% for 12-21 months, then high
Payment Structure	Fixed monthly payment	Variable minimum payment	Minimum payment required
Payoff Timeline	Clear end date (2-5 years)	Can take 10+ years	Must pay off during promo period
Best For	Larger balances, structured payoff	Not recommended for carrying debt	Smaller balances you can pay off quickly

What Lenders Typically Look For

Credit Score: A score of 600 or higher is generally needed, with scores over 660 often securing more favorable rates and terms.
Verifiable Income: Lenders need to see that you have a steady source of income sufficient to cover the new loan payment and your other obligations.
Debt-to-Income (DTI) Ratio: Your total monthly debt payments (including the new loan) should ideally be less than 40-50% of your gross monthly income.
Credit History: A history of on-time payments is important. Recent late payments or defaults can make approval more difficult.

If your credit profile is borderline, you can strengthen your application by ensuring all existing accounts are current, paying down other revolving balances to lower your credit utilization, and correcting any errors on your credit report before applying.

Find out if you qualify.

Get a clear picture of your options without any commitment or impact to your credit score.

See What I Qualify For

Frequently Asked Questions

Can I get a loan specifically to pay off my Raymour and Flanigan or Nebraska Furniture Mart credit card?
Yes, absolutely. A personal loan for debt consolidation can be used to pay off any existing debts you specify, including high-interest balances from specific furniture stores like Raymour and Flanigan, Nebraska Furniture Mart, Bob's Furniture, or City Furniture. When you receive the loan funds, you simply use them to make a full payment to the credit card issuer (like TD Bank for Raymour and Flanigan) to clear your balance.
Will consolidating my store cards hurt my credit score?
The impact can be mixed initially but is generally positive long-term. In the short term, the hard inquiry from the lender might dip your score by a few points. However, paying off revolving credit card balances can significantly lower your credit utilization ratio, which is a major positive factor for your score. Converting revolving debt to an installment loan is also often viewed favorably. Consistent, on-time payments on the new loan will help build a positive credit history over time.
Can I consolidate my Amazon Store Card with other retail cards?
Yes. The Amazon Store Card, while branded by Amazon, functions like any other retail credit card. A personal loan can be used to consolidate debt from a wide variety of sources, including online retailers, department stores (like JC Penney), home improvement stores, and specialty electronics or furniture retailers. You can combine the balance from your Amazon card with balances from any other store cards into a single loan.
What happens to my store credit cards after I pay them off with the loan?
Once paid off, the accounts will have a zero balance. It's generally advisable to keep the accounts open, even if you don't plan to use them. Closing them can reduce your total available credit, which could increase your credit utilization ratio and potentially lower your credit score. The best practice is to pay them off, put them in a safe place, and use them perhaps once a year for a small purchase (that you pay off immediately) to keep the account active.
How is this different from a 0% APR balance transfer offer?
A balance transfer card offers a temporary 0% interest period (usually 12-21 months). This can be a great option if you can pay off the entire balance within that window. However, they often have a transfer fee (3-5% of the balance), and if you don't clear the debt in time, a very high interest rate kicks in. A personal loan provides a fixed interest rate for a set term (e.g., 3-5 years), offering a predictable payment and a clear end date, which is often better for larger balances you can't pay off as quickly.
How quickly can I pay off my retail cards after getting the loan?
Very quickly. Once the lender approves your loan, the funds are typically deposited into your bank account within 1-3 business days. As soon as the funds are available, you can log into your store card accounts online or call their customer service numbers and make payments to clear each balance. The entire process, from application to paying off your cards, can often be completed in less than a week.

Personal loan disclosure

Money Savvy is not a lender. We are a marketing service that connects consumers with participating lenders. Rates, amounts, and terms vary by lender, your credit history, and other factors.

Loan amounts: $1,000 – $100,000
Repayment terms: 3 – 84 months
Min APR: 5.99%
Max APR: 35.99%
Origination fees: 0% – 10% of the loan amount
Late fees: May apply; vary by lender

Representative example: A $10,000 loan with a 36-month term at an 18.99% APR would have an approximate monthly payment of $366.39 and a total cost of $13,190.04, including interest and a $500 origination fee.

Your actual APR depends on your credit score, income, and other factors. Only borrow what you can afford to repay.

California residents: California Financing Law disclosures available upon request.